ICW Investment Advisors LLC Sells 458 Shares of Apple Inc. (NASDAQ:AAPL)

ICW Investment Advisors LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 1.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,304 shares of the iPhone maker’s stock after selling 458 shares during the period. Apple accounts for about 2.4% of ICW Investment Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. ICW Investment Advisors LLC’s holdings in Apple were worth $5,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Bellwether Advisors LLC lifted its position in Apple by 387.3% in the 2nd quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after purchasing an additional 19,352 shares during the last quarter. WT Asset Management Ltd acquired a new stake in shares of Apple in the second quarter valued at approximately $80,057,000. Councilmark Asset Management LLC bought a new stake in shares of Apple during the first quarter valued at approximately $11,776,000. TD Asset Management Inc boosted its position in shares of Apple by 10.3% during the second quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock worth $3,526,874,000 after buying an additional 1,557,848 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Apple by 62.0% during the second quarter. Larson Financial Group LLC now owns 151,991 shares of the iPhone maker’s stock worth $32,012,000 after buying an additional 58,153 shares during the period. 60.41% of the stock is owned by institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $236.48 on Tuesday. The company’s fifty day moving average is $226.16 and its two-hundred day moving average is $208.86. The company has a market cap of $3.63 trillion, a P/E ratio of 36.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The business had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. Equities analysts expect that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Monday, August 12th. Apple’s dividend payout ratio (DPR) is 15.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on AAPL shares. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price on shares of Apple in a research report on Thursday, September 19th. Moffett Nathanson started coverage on shares of Apple in a report on Monday, August 19th. They issued a “neutral” rating and a $211.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. New Street Research restated a “neutral” rating and set a $225.00 price target on shares of Apple in a research report on Wednesday, September 25th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a report on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.27.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 517,924 shares of company stock worth $114,786,399. 0.06% of the stock is owned by company insiders.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.